Collaboration can be a great way to grow your business. Businesses that work together can successfully raise their profile, access bigger contracts and innovate in new and existing markets. This enables smaller businesses to achieve scale whilst sharing the risks associated with business growth.
The consortium model can be an effective way of collaborating. A consortium is a group of businesses coming together to pool resources. It is run on a shared and equal basis for the member businesses and may be used for many activities. For example, for exporting, marketing, sharing facilities or joint bidding for contracts.
The potential benefits of collaboration using the consortium model are:
- Scale - Improved market presence and access to larger contracts in international markets
- Scope - Each business offers different strengths to form a strong collective unit
- Independence - Not detracting from each individual business’s core business or brand
- Low risk - Reduces risk normally associated with growth
- Flexibility - Members can choose to join or leave the consortium at any time.
Co-operative Development Scotland is part of Scottish Enterprise and we can help you explore options and put in place the best collaborative model for your business.
We can also help your community to collaborate to provide shared assets and services, such as shops and utilities. If your community is considering pooling resource to develop exciting opportunities where external investment is not readily available, you could access support to set up a community co-operative.
Co-operative Development Scotland also supports organisations considering employee ownership. This is a business model where the employees hold the majority of the shares. Find out more about the employee ownership model.
Co-operative Development Scotland
This service is run by Co-operative Development Scotland (CDS). CDS helps companies and communities grow with two innovative business models: collaboration and employee ownership.